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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (10684)	9/3/2020 7:20:02 PM
From: Rarebird	1 Recommendation Recommended By claireg Respond to of 26251

I expect a retracement over the coming months to represent one half the gains from the March lows. That is to say, I expect a 650 point decline in the S&P during the Fall season before the next leg up in the bull market takes the S&P to 5000+ over the next couple of years. In retrospect, I was one of those traders who suffered from FOMO so I went back long into the market 10 days ago, knowing full well I was playing with fire and the market could start its retracement at any time. That's why I got out so quickly today. Was it worth it? Of course it was. Even with today's decline, I made 4K over the past 10 days. That is nothing to sneeze at - even though I treaded lightly. I will have my bear cap on now till the S&P breaks below 3000. My target for the retracement is 2935 SPX

To: Rarebird who wrote (10684)	9/10/2020 2:57:27 PM
From: Rarebird	1 Recommendation Recommended By ItsAllCyclical Read Replies (1) \| Respond to of 26251

Sitting in 100% cash is a real option and something I am glad I did since it has saved me a lot of money. But the harder part is now coming: when do I get back in? I have said a number of times that the third week of September is a major turning point. And interestingly enough, the Jewish New Year begins on Friday Night, the 18th and ends on Sunday, the 20th. Buying Rosh Hashanah is going to take on monumental meaning this year. And what happens if the Market crashes right after the election, regardless of who wins? First things first: I am 100% in cash, looking to buy Rosh Hashanah for reasons that go way beyond religious reasons. The set up was there prior to the Jewish New Year which is all the more compelling since it coincides with the Jewish New Year. It won't be easy to buy next Friday.